Consulting on NRI Matters

We have creditable experience of providing multitude of services to a diverse client profile. Non resident Indians comprise a substantial portion of our client base.

We provide a range of services to our NRI clients. Our client profile includes

Non resident Indians who have/ intend to have investments in India

Non resident Indians who inherit assets in India

Non resident Indians/ Non-residents who have / intend to set up a business in India

Returning NRI

Emigrating Indian/ New NRI

But foremost, it is very important to understand that who is considered Non-Resident in India?

Who is a Non resident Indian NRI?

An NRI is a person resident outside India, who is a citizen of India or is a person of Indian origin. Under the Foreign Exchange Management Act (FEMA), generally, a person is resident outside India if he is in India for less than 182 days during the course of the preceding financial year and also includes any person who stays abroad:

For the purposes of carrying out employment or any business or vocation

Under circumstances indicating an intention to stay outside India for an uncertain duration;

Any Indian citizen deputed outside India for a temporary period in connection with employment

For education

Where can we help?

Determination of your residential status in India

Interpretation of DTAA with a view to reduce tax liability in India

Handling of issues relating to inheritance, will, etc.

Application for Permanent Account Number (PAN)

Filing of India tax return

Advising suitable tax saving investments

Representation before tax authorities, in case required

Opening if various bank accounts and compliances thereon

Various compliances in regard to repatriation of funds/investments/property, etc

PERSON OF INDIAN ORIGIN (PIO)

You are a Person of Indian origin [PIO] if you are a citizen of a foreign country (other than a citizen of Bangladesh or Pakistan ) and:

You have at any time held an Indian Passport OR

You or either of your parents or any of your grandparents were citizens of India by virtue of theConstitution of India or the Citizenship Act, 1955 OR

You are the spouse of an Indian citizen or of a person of Indian origin (other than of Pakistan or Bangladesh)

Facilities available to children of NRIs for getting admission to educational institutions in India including medical colleges, engineering colleges, Institute of technology, Institute of management, etc. under general categories.

Facilities available under the various housing scheme of LIC, State Government and otherGovernment Agencies.